Resolution CMN No. 3834 — Amends Resolutions Nos. 2,828 of March 30, 2001, and 394 of November 3, 1976

RESOLUTION NO. 003834

Amends Resolutions Nos. 2,828, of March 30, 2001, which provides for the constitution and functioning of development agencies, and 394, of November 3, 1976, which disciplines the activities of development banks.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on January 28, 2010, based on Articles 4, items VI and VIII, of the aforementioned Law, and Article 1, paragraph 2, of Provisional Measure No. 2,192-70, of August 24, 2001, and having in view the provisions of Article 9, paragraph 6, of Law No. 12,087, of November 11, 2009,

RESOLVES:

Article 1. Article 3, item V, of Resolution No. 2,828, of March 30, 2001, with wording given by Resolution No. 3,757, of July 1, 2009, shall be in effect with the following wording:

"Article 3. .............................................

.......................................................

V - investment of cash availability in federal public securities, including through committed operations as provided in Resolution No. 3,339, of January 26, 2006, or in shares of investment funds whose portfolios are represented exclusively by federal public securities, provided that this is stated in the funds' regulations;

.................................................." (NR)

Article 2. Article 3 of Resolution No. 2,828, of 2001, with wording given by Resolution No. 3,757, of 2009, is hereby added with item XIV, with the following wording:

"Article 3. .............................................

.......................................................

XIV - subscription of shares of funds that have participation by the Union, constituted with the objective of guaranteeing the risk of credit operations, in accordance with Articles 7 to 13 of Law No. 12,087, of November 11, 2009." (NR)

Article 3. Article 20 of the Regulation annexed to Resolution No. 394, of November 3, 1976, with the wording given by Resolution No. 3,756, of July 1, 2009, is hereby added with a sole paragraph, with the following wording:

"Article 20 .............................................

Sole paragraph. It is optional for development banks to subscribe to shares of funds that have participation by the Union, constituted with the objective of guaranteeing the risk of credit operations, in accordance with Articles 7 to 13 of Law No. 12,087, of November 11, 2009." (NR)

Article 4. This resolution enters into force on the date of its publication.

Brasília, January 28, 2010.

Alexandre Antonio Tombini
Substitute President